Hsbc Holdings PLC Grows Holdings in Carlyle Group Inc. $CG

Hsbc Holdings PLC lifted its position in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 33.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 283,206 shares of the financial services provider's stock after acquiring an additional 71,039 shares during the quarter. Hsbc Holdings PLC owned 0.08% of Carlyle Group worth $11,914,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CG. WFA of San Diego LLC purchased a new stake in shares of Carlyle Group in the second quarter valued at approximately $26,000. Main Street Group LTD purchased a new position in Carlyle Group during the first quarter worth approximately $27,000. Geneos Wealth Management Inc. boosted its stake in Carlyle Group by 755.3% during the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider's stock worth $28,000 after buying an additional 574 shares during the last quarter. Quarry LP purchased a new stake in Carlyle Group in the 3rd quarter valued at $33,000. Finally, Allworth Financial LP acquired a new stake in shares of Carlyle Group in the 2nd quarter worth $35,000. Hedge funds and other institutional investors own 55.88% of the company's stock.

Carlyle Group Price Performance

Shares of CG opened at $45.95 on Wednesday. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.35 and a quick ratio of 2.35. Carlyle Group Inc. has a 1-year low of $39.60 and a 1-year high of $69.85. The stock has a market cap of $16.37 billion, a PE ratio of 47.87, a price-to-earnings-growth ratio of 1.44 and a beta of 1.84. The firm has a fifty day moving average price of $46.77 and a 200 day moving average price of $47.26.

Carlyle Group (NASDAQ:CG - Get Free Report) last posted its earnings results on Tuesday, August 4th. The financial services provider reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.16. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%.The business had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $923.50 million. During the same quarter in the previous year, the firm earned $0.87 earnings per share. The business's revenue was down 28.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Carlyle Group Inc. will post 3.69 EPS for the current year.

Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Monday, August 17th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Monday, August 17th. Carlyle Group's dividend payout ratio (DPR) is presently 145.83%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CG shares. Evercore set a $51.00 price target on shares of Carlyle Group in a research report on Thursday, August 6th. BMO Capital Markets reaffirmed an "outperform" rating and set a $52.00 target price on shares of Carlyle Group in a research note on Monday, July 13th. Royal Bank Of Canada dropped their price target on shares of Carlyle Group from $58.00 to $56.00 and set a "sector perform" rating for the company in a research note on Monday, July 13th. Citizens Jmp raised their price target on shares of Carlyle Group from $70.00 to $73.00 and gave the stock a "market outperform" rating in a report on Thursday, August 6th. Finally, UBS Group upped their price objective on Carlyle Group from $63.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Seven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $59.31.

Carlyle Group Profile

The Carlyle Group NASDAQ: CG is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle's core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.

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